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Pipelines will impact Warren Buffet

President Donald Trump signed an executive order on Jan. 24 commencing the build of the Keystone and Dakota pipelines. Also specified in the order was that the pipelines must use American-made pipe. Go America!

The Clintons and Obamas have been against the Keystone and Dakota pipelines because their big contributor is Warren Buffet, owner of the Burlington Northern Santa Fe Railroad, and GATX Railroad Tank Car Company through his Berkshire Hathaway holding company. The Keystone pipeline would severely dent Buffet’s earnings from his railroad and tank car operations.

Hillary Clinton had, or still has, an open, comped charge account with a limit of $300,000 owned by Berkshire Hathaway, also known as Warren Buffet, at Borsheim’s Jewelry Store in Omaha, Nebraska. This is chump change for the Clintons and Buffet, but is still an interesting fact. Buffet is a heavy contributor to the Clintons and Obamas. Buffet mightily endorsed Hillary in this election cycle and Obama in the past two election cycles. Buffet gave Bill Clinton, Obama and Hillary trainloads of money. Watch out for 2020, Billary is waiting on the sidelines. She is planning to bide her time by becoming mayor of Gotham City, also known as The Big Apple.

I did own, at one time, 10 shares of BRK.A stock. I sold it at a profit. Berkshire Hathaway’s big holdings during 1983-1984 were Phillip Morris and Coca Cola stock (very healthy products for the masses). Check out the historic Value Line stock guides at your library for Berkshires’ holdings back then to verify. Purchased BRK.A in the summer of 1984 at $1,850 a share and sold it almost a year later at $2,600 a share. Now BRK.A stock is worth around $240,000 per share. It’s a very interesting world that we live in. I must say my hat is off to Buffet for wealth gain. Nobody on the planet has been better at pure investment strategy. What has been behind it, with the internal shenanigans, is something else.

Dave Murray

Durango



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